Basic survival models, life tables. Basic life insurance and annuities: present value random variables, premium calculations, policy values. Computer applications for pricing and reserving for life insurance portfolios. Prerequisite: One of RISK (or ACMA) 101 or RISK 102, and all of RISK (or ACMA) 201, RISK (or ACMA) 231 and STAT 270, all with a minimum grade of C. Students with credit for ACMA 301 or ACMA 320 may not take this course for further credit. Quantitative.
Basic survival models, life tables. Basic life insurance and annuities: present value random variables, premium calculations, policy values. Computer applications for pricing and reserving for life insurance portfolios. Prerequisite: One of RISK (or ACMA) 101 or RISK 102, and all of RISK (or ACMA) 201, RISK (or ACMA) 231 and STAT 270, all with a minimum grade of C. Students with credit for ACMA 301 or ACMA 320 may not take this course for further credit. Quantitative.
